Date | Analyst | Company | Last | Target | Call | Valuation |
08/08/22 | DBS Vickers | Frasers Logistics | 1.43 | 1.75 | Buy | |
08/08/22 | CIMB | Frasers Logistics | 1.43 | 1.53 | Add | DDM |
09/08/22 | UOB Kay Hian | Frasers Logistics | 1.35 | 1.6 | Buy | DDM |
09/28/22 | UOB Kay Hian | Frasers Logistics | 1.25 | 1.51 | Buy | DDM |
10/10/22 | UOB Kay Hian | Frasers Logistics | 1.21 | 1.51 | Buy | |
11/11/22 | DBS Vickers | Frasers Logistics | 1.13 | 1.55 | Buy | |
11/11/22 | OCBC | Frasers Logistics | 1.13 | 1.37 | Buy | |
11/14/22 | UOB Kay Hian | Frasers Logistics | 1.18 | 1.48 | Buy | DDM |
12/15/22 | DBS Vickers | Frasers Logistics | 1.16 | 1.55 | Buy | |
01/05/23 | UOB Kay Hian | Frasers Logistics | 1.17 | 1.48 | Buy | |
01/09/23 | UOB Kay Hian | Frasers Logistics | 1.17 | 1.56 | Buy | DDM |
01/18/23 | DBS Vickers | Frasers Logistics | 1.2 | 1.55 | Buy | |
02/02/23 | CIMB | Frasers Logistics | 1.3 | 1.55 | Add | |
02/03/23 | CIMB | Frasers Logistics | 1.3 | 1.38 | Add | DDM |
02/23/23 | DBS Vickers | Frasers Logistics | 1.24 | 1.55 | Buy | |
04/04/23 | UOB Kay Hian | Frasers Logistics | 1.31 | 1.56 | Buy | |
05/05/23 | DBS Vickers | Frasers Logistics | 1.36 | 1.55 | Buy | |
05/05/23 | CIMB | Frasers Logistics | 1.36 | 1.52 | Add | DDM |
05/05/23 | Lim & Tan | Frasers Logistics | 1.36 | 1.43 | Neutral | |
06/01/23 | UOB Kay Hian | Frasers Logistics | 1.28 | 1.56 | Buy | |
06/05/23 | DBS Vickers | Frasers Logistics | 1.28 | 1.55 | Buy | |
07/03/23 | UOB Kay Hian | Frasers Logistics | 1.25 | 1.56 | Buy |
Thursday, July 6, 2023
Frasers Logistics - Stock calls
Frasers Hospitality Trust - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
11/07/22 | DBS Vickers | Frasers Hospitality Trust | 0.45 | 0.58 | Buy | DCF |
02/10/23 | Kim Eng | Frasers Hospitality Trust | 0.49 | 0.54 | Buy | DDM |
04/28/23 | DBS Vickers | Frasers Hospitality Trust | 0.475 | 0.58 | Buy |
Stock calls for 5 July 2023
Date | Analyst | Company | Last | Target | Call | Valuation |
07/05/23 | Lim & Tan | City Developments | 6.77 | 8.43 | Accumulate | |
07/05/23 | UOB Kay Hian | Comfortdelgro | 1.18 | 1.27 | Hold | DCF |
07/05/23 | CIMB | Comfortdelgro | 1.18 | 1.35 | Add | PER15.4x FY24 |
07/05/23 | DMG & Partners | Food Empire | 1.03 | 1.39 | Buy | |
07/05/23 | Lim & Tan | OCBC | 12.35 | 14 | Accumulate | |
07/05/23 | DMG & Partners | OCBC | 12.35 | 13.2 | Neutral | GGM, PB1x FY23 |
07/05/23 | phillip | PanUnited | 0.4 | 0.5 | Buy | DCF |
07/05/23 | Amfrasers | Thai Beverage | 0.58 | 0.65 | Buy | |
07/05/23 | Lim & Tan | UOL | 6.77 | 7.9 | Accumulate |
Wednesday, July 5, 2023
The recent US ISM PMI showed that the US would face an impending recession.
The prices subindex had decreased to 41.8 (-2.4) because of weak employment (48.1, -3.3) and production (46.7, -4.4). The employment and production decreased despite an increase in new order (45.6, +3) and new local order (Est’d +5.7).
The customers’ inventories were depleted further due to lower production and an increase in new order which caused the backlog orders to increase to 38.7 (+1.2). The supplier’s delivery of 45.7 (+2.2) showed that supply disruption was no longer an issue.
The producers cut back on their inventories (44, -1.8), employment and production because they believed that the increase in new orders was unsustainable.
In conclusion, the above factors caused the PMI to fall to 46 (-0.9) and the US economy would still enter into a recession by the end of 2023 as the PMI had been in a contractionary (below 50) for 8 months already.
